Same SGC 7 Mantle Sold 4 times in 15 months

[calvindog]

Originally Posted by Snapolit1

My firm did, but that certainly wasn't going into my wallet to buy basebal cards.

But PPP and EIDL were for employers who paid their employees during the pandemic, even though their offices were likely closed. Why are you pissed that you didn’t get any?

[Snapolit1]

Originally Posted by calvindog

But PPP and EIDL were for employers who paid their employees during the pandemic, even though their offices were likely closed. Why are you pissed that you didn’t get any?

Not pissed about anything. Don't understand the argument that one of the main reasons the card market ran up in 2021 was that people were sitting on huge piles of cash they got from the government and need to find places to spend it. Have seen that argument here many times and don't see how it makes any sense.

If a government loan allowed my employer to send me my paycheck 2x a month, why would I be any more flush with cash?

[calvindog]

I don’t buy that argument either. I don’t think PPP payments made employers flush with cash. I received about 200K in PPP and lost about $1M in income in 2020 due to the courts being closed or much slower. No one who worked for me lost a penny in salary though or had to pay a penny towards their health insurance. I paid for it all. Maybe it was my employees who were driving up the card market?

[Peter_Spaeth]

To the extent the pandemic played a role, I think it's that people did not have their usual recreation/entertainment outlets, not that 1K government checks to individuals added that much to the demand side.

[Leon]

I am not saying it made a difference, and certainly not for a very expensive card, but there was a lot more stimulus than just the PPP....People were receiving much more than their jobs paid, to be doing nothing. Never understood how they should make more but it happened. Not getting political but our govt. needs to quit spending like a drunken sailor on payday. It's going to be a mess in the future, imo.
Back to the carrd at hand, that top sale should be investigated by LE....
.

[raulus]

Originally Posted by Leon

I am not saying it made a difference, and certainly not for a very expensive card, but there was a lot more stimulus than just the PPP....People were receiving much more than their jobs paid, to be doing nothing. Never understood how they should make more but it happened. Not getting political but our govt. needs to quit spending like a drunken sailor on payday. It's going to be a mess in the future, imo.
Back to the carrd at hand, that top sale should be investigated by LE....
.

I'm going to agree with Leon here, and not merely because he's our benevolent overlord.

In addition to the general sentiment about spending, a reminder that there were 3 rounds of direct payments to individuals/families, which you can read about here:

https://home.treasury.gov/policy-iss...mpact-payments

For some within my orbit with a handful of kids and whatnot, they received total direct payments from our generous friends in DC that ran well into 5 figures, all while continuing their jobs and continuing to get paid for their jobs. For many of us, I suspect we don't remember getting anything because we make too much. Or because it's been a hot minute and memories fade quickly at our age.

On the other side of the ledger, there were student loan payment pauses that just barely ended (last month, if memory serves). Plus some people stopped paying rent or their mortgage because those were also paused in many states. Add it all up and it's a lot of extra cash for fun stuff, with relatively few fun options outside of letting it ride on crypto and the equity markets, or buying more cardboard.

[Fred]

Originally Posted by Snapolit1

Not pissed about anything. Don't understand the argument that one of the main reasons the card market ran up in 2021 was that people were sitting on huge piles of cash they got from the government and need to find places to spend it. Have seen that argument here many times and don't see how it makes any sense.

If a government loan allowed my employer to send me my paycheck 2x a month, why would I be any more flush with cash?

I'm going to guess that PPP funds to buy cards was the exception rather than the rule. Perhaps I'm just ignorant, but I can't imagine most people taking PPP funds and using it like that. Again, since it is something that was ripe for fraud, I'm sure there was abuse. It's just too bad those bad apples can't be tied to it and then hung out to dry.

[Republicaninmass]

Originally Posted by Fred

I'm going to guess that PPP funds to buy cards was the exception rather than the rule. Perhaps I'm just ignorant, but I can't imagine most people taking PPP funds and using it like that. Again, since it is something that was ripe for fraud, I'm sure there was abuse. It's just too bad those bad apples can't be tied to it and then hung out to dry.

Guess you missed at least one poster on here who was gloating about it. One of our counselors